$5,937 Closing Credit*
$499,990
2,185 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is 55301, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 55301 was a Seller's Market.
Key Takeaway
55301 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 55301, MN
How much do homes in 55301, MN cost?
Median Sold Price
$368,700
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,450(+0.4%)
Key Takeaway
The sold price of homes in 55301 has remained the same since last year.
Summary: The median home sold price in 55301 was $368,700 in October 2024, up 0.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $265K | +3.9% |
| 3 Bedrooms | $335K | $350K | +4.5% |
| 4 Bedrooms | $430K | $399.9K | -7.0% |
| 5+ Bedrooms | $450K | $472.9K | +5.1% |
Summary: 55301 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 55301, MN
How many homes are available in 55301, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 55 | +7.8% |
Summary: The 55301 real estate market had 55 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 55301 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55301, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 55301 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 55301, MN
How long does it take to sell a home in 55301, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 31 Days | +72.8% |
Summary: Homes in 55301 had an average of 31 days on market in Oct 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 55301 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 55301; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
